The Bankruptcy Act applies to a bankrupt's family home and is often misunderstood.
The loss of the bankrupt's family home is usually felt more intensely than the loss of any other asset. Understandably, many bankrupts know that the loss of the home will cause disruption to the family unit, not only affecting the bankrupt, but also their children and solvent partners.
Because of these factors, trustees in bankruptcy must approach the realisation of a bankrupt's interest in a family home with tact and understanding, while also protecting the rights and interests of creditors.
While our services are not related to personal bankruptcy we can provide assistance to businesses that are entering insolvency.